#Giveaway  on last slide

US Authorities To Seize US$460 Million Of Robinhood Shares In FTX Fraud Case

Scribbled Arrow

TRENDING GLOBALLY

-: FOLLOW US :-  @theinsaneapp

Shapiro stated at the bankruptcy court in Delaware she said that DOJ is not convinced that these shares were part of an estate in bankruptcy...

-: FOLLOW US :-  @theinsaneapp

and the ownership of the shares could be determined through the forfeiture process.

-: FOLLOW US :-  @theinsaneapp

Bankman-Fried is waiting for trial after pleading not to be guilty to fraud as well as FTX cofounder Gary wang founded a holding company in May 2022.

-: FOLLOW US :-  @theinsaneapp

To buy 56 million Robinhood shares for US$546 million in a loan through Alameda Research, the brokerage division of FTX.

-: FOLLOW US :-  @theinsaneapp

Three parties, including bankrupt cryptocurrency loan provider BlockFi, FTX creditor Yonathan Ben Shimon, and Bankman-Fried, have filed court proceedings in an attempt to take control over the shares.

-: FOLLOW US :-  @theinsaneapp

Lawyers representing FTX demanded in December that the shares be frozen while legal proceeding continues.

-: FOLLOW US :-  @theinsaneapp

On December. 13, the new FTX chief executive John J. Ray III, disclosed to Congress that the exchange had lost $8 billion in customer deposits. 

-: FOLLOW US :-  @theinsaneapp

He also said that Bankman-Fried and selected executives from the exchange could access customer funds.

-: FOLLOW US :-  @theinsaneapp

Bankman-Fried faces charges of wire and bank fraud in addition to fraud and money laundering and may be sentenced to the remaining years in prison.

-: FOLLOW US :-  @theinsaneapp

Wang and Caroline Ellison, the former director of Alameda Research, have both agreed to plea bargains in exchange for fewer sentences.

#GIVEAWAY BY INSANE

Do you know that we give away around $250 USd in cash prizes every week?

Let’s grow together!